Biden's Build Back Better is ‘one of the worst bills in American history’: Rep. Fleischmann
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By Farhad Manjoo
Opinion Columnist
PM Lee Hsien Loong on local leave for 16 days
SINGAPORE – Prime Minister Lee Hsien Loong will be on local leave for 16 days, starting from Thursday (Dec 16), his office said in a statement on Wednesday.
No acting prime minister will be appointed during this period, as he will remain contactable.
The last two times the Prime Minister went on leave – in June this year and in December 2020 – had similar arrangements.
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Gold Subdued Ahead Of Fed Outcome
Gold prices were flat to slightly lower on Wednesday as investors awaited the outcome of a two-day policy meet of the U.S. Federal Reserve amidst inflation concerns and the Omicron threat.
Spot gold was little changed at 1,770.70 per ounce, while U.S. gold futures were down 0.1 percent at $1,770.80.
As inflation expectations rise, the Fed is poised to end its $120 billion a month bond buying program sooner than previously expected and bring forward the possible timing of rate hikes.
The dollar held firm and Treasury yields rose slightly as investors await Fed Chair Jerome Powell’s press conference due at 2:30 a.m. ET.
The Fed has a very tight line to walk after data showed producer prices increased by more than expected in November.
The producer price index showed a year-on-year increase of 9.6 percent, which was the fastest pace on record and higher than the 9.2 percent increase forecast by economists.
Consumer inflation is also running high, with U.S. consumer prices rising last month at the fastest annual pace in nearly 40 years, piling additional pressure on the Fed to tweak monetary policy.
The Fed announces its decision on interest rate at 2:00 pm ET.
U.S. retail sales and export and import prices, all for November, as well as business inventories data for October, New York Fed’s empire manufacturing index and NAHB housing market index for December will also be released in the New York session.
Pre-market Movers: DARE, ENSC, CTK, SFIX, VALN…
The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 07.05 A.M. ET).
In the Green
Daré Bioscience, Inc. (DARE) is up over 39% at $2.95
CooTek (Cayman) Inc. (CTK) is up over 24% at $0.68
Valneva SE (VALN) is up over 11% at $53.60
PagerDuty, Inc. (PD) is up over 11% at $37.34
Olema Pharmaceuticals, Inc. (OLMA) is up over 10% at $12.22
EPAM Systems, Inc. (EPAM) is up over 8% at $647.70
Secoo Holding Limited (SECO) is up over 6% at $0.53
Context Therapeutics Inc. (CNTX) is up over 5% at $5.85
In the Red
Ensysce Biosciences, Inc. (ENSC) is down over 24% at $2.41
Stitch Fix, Inc. (SFIX) is down over 23% at $19.01
SentinelOne, Inc. (S) is down over 10% at $45.50
Siyata Mobile Inc. (SYTA) is down over 9% at $4.15
Golden Ocean Group Limited (GOGL) is down over 8% at $9.01
MDJM Ltd (MDJH) is down over 8% at $1.80
ReneSola Ltd (SOL) is down over 7% at $5.40
Luokung Technology Corp. (LKCO) is down over 6% at $0.81
Accuray Reports Expansion Of CyberKnife System’s Approved Indications In Japan
Accuray Incorporated (ARAY) has received approval from the Japanese Ministry of Health, Labor and Welfare to market the CyberKnife Robotic Radiosurgery System for the treatment of trigeminal neuralgia in Japan. The system is currently used to treat trigeminal neuralgia in the U.S., EIMEA and other parts of the world.
The CyberKnife System features a linear accelerator directly mounted on a robot that moves and bends around the patient to deliver non-isocentric, non-coplanar radiation beams from potentially thousands of unique angles.
Pre-market Movers: IDRA, GRTX, SEAC, ALZN, SIDU…
The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 07.15 A.M. ET).
In the Green
Galera Therapeutics, Inc. (GRTX) is up over 16% at $3.14
SeaChange International, Inc. (SEAC) is up over 13% at $1.72
CF Acquisition Corp. VI (CFVI) is up over 10% at $12.44
Biofrontera Inc. (BFRI) is up over 10% at $6.09
Uxin Limited (UXIN) is up over 8% at $1.82
Inpixon (INPX) is up over 8% at $0.73
Mesoblast Limited (MESO) is up over 7% at $4.50
Borr Drilling Limited (BORR) is up over 5% at $1.61
In the Red
Idera Pharmaceuticals, Inc. (IDRA) is down over 19% at $0.70
Alzamend Neuro, Inc. (ALZN) is down over 12% at $2.70
Sidus Space, Inc. Class A Common Stock (SIDU) is down over 11% at $10.80
I-Mab (IMAB) is down over 8% at $45.20
Legend Biotech Corporation (LEGN) is down over 6% at $45.59
BeiGene, Ltd. (BGNE) is down over 5% at $262.50
Livent Corporation (LTHM) is down over 5% at $23.86
Biden's Build Back Better is ‘one of the worst bills in American history’: Rep. Fleischmann
Biden’s Build Back Better is ‘one of the worst bills in American history’: Rep. Fleischmann
Rep. Chuck Fleischmann, R-Tenn., on whether the Biden’s Build Back Better agenda will become law in 2022.
Rep. Chuck Fleischmann, R-Tenn., said during an interview Wednesday on "Mornings with Maria" that Biden's Build Back Better agenda is "one of the worst bills in American history."
HOUSE VOTES TO RAISE DEBT CEILING, SENDS BILL TO BIDEN'S DESK
CHUCK FLEISCHMANN: I hope and pray not. This is one of the worst bills in American history right now. We've got to fight it. The American people need to stand up and realize the things that are in it will hurt this country, not only short term but long term in terms of deficits and putting part of that horrible left wing agenda into the permanent fabric of American life. We don't need it. It needs to be stopped.
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Democrats don’t understand ‘basic economics’: Rep. Fleischmann
Rep. Chuck Fleischmann, R-Tenn., discusses the debt limit being raised and how inflation is impacting American families.
